There are two main types of solar energy: photovoltaic power and thermal power. Both utilize sunlight as a fuel but they harness it in different ways. Photovoltaic (PV) energy, which converts sunlight directly into electricity, is what most people think of when we talk about solar.
This report uses data from the EIA to analyze solar and wind capacity and generation over the past decade (2014 to 2023) in all 50 states and the District of Columbia. Recent data are compared across states and against historical figures to show which states have led growth in.
Over the past decade, the cost of solar panels has decreased globally by 90%, now being under $0. Conversion efficiency improved from 1-2% to 22% within the past century, reducing manufacturing and installation costs.
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